Updated Dec 19, 2023
Berkshire Hathaway HomeServices Chicago Acquires Multifamily Property In Chicago For $1.2M
3317 North Sheffield Avenue, Chicago, IL, USA
$1,200,000
$230/SF
Building Size
5,200 SF
Asset Type
MultiFamily
Closing
Jul 8, 2021
About this deal
AI
A multifamily property located at 3317 N Sheffield Ave in Chicago has been sold for a price of $1,200,000. The property was marketed for sale and the transaction was closed on July 9, 2021. The property is situated in the Chicago market and falls under the category of multifamily assets.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Date: 07/09/2021
- Address: 3317 N Sheffield Ave, Chicago
- Market: Chicago
The sale of this multifamily property was facilitated by Mario Greco, Cyrus Seraj, and Jay Elsberry from Berkshire Hathaway HomeServices Chicago. They acted as the brokers in the deal, representing the parties involved in the transaction.
Players
Chicago MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93